Due to gap-up opening on 22/02/2010, we had to go long around 4910 with SL 4860 (50 point below buy price). After various weeks, this is first time that our SL has been triggered. Now we are again short at 4860. Accordingly, call for 23 February 2010 is :
Buy Nifty Future at 4854 on 23/02/2010 and Hold. If Nifty Future triggers at 4854, then place stop loss 50 points below this level for double number of lots. The stop loss will be valid for 23/02/2010 only.
In addition to above, if Nifty Future Triggers 4938, then Add one more lot of Nifty Future and hold it without any stop loss. If you are trading more than 1 lots, then add similar number of additional lots at this level.
Monday, February 22, 2010
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